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General Theorist
GeneralTheorist
Well, well, well. The IMF published their revised debt sustainability framework for market access cases today, including what might be tacit acknowledgement that the DSAs for Argentina were inadequate from
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In 2020, the Fed once again moved swiftly to calm dollar funding markets by extending swap lines to select central banks. While peak swaps outstanding was smaller than in 2008-09,
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Central bank digital currencies (CBDCs) are something I have been putting off engaging with, but over the past week have come to take this seriously thanks to Ex Ante’s Grant
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Some thoughts on Public Debt Sustainability...In light of this week’s OBR public finances update, and the appalling public discourse that followed, the sensible narrative has turned to the matter of
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Megan Greene and Eric Lonergan published a http://VOX.EU great piece last week making the case for dual interest rates. This is a cause I fully support, so they are pushing
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The euroarea has an inflation problem. That goes without saying. But as the MP strategy review kicks off in September, I’m reminded of a decomposition of inflation by country from
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Don’t start your summer holiday too soon. Mr. Weidmann’s hour has come at last. For while markets are tuned out, decisions taken by Jens Weidmann inside the Bundesbank this weekend—perhaps
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As Argentina’s debt saga drags on, some remarks on the macroeconomic (rather than legal) process hopefully won’t distract minds too much from agreeing a deal.Indeed, the macroeconomics of the restructuring
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The EU Budget and NGEU agreements this week matter for at least four reasons. First, for the first time the EU can borrow to support spending, raising the universe of
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The unreasonable ineffectiveness of macroeconomics in political scienceIs economics a science? While the scientific method suggests itself to the hardest of soft sciences—through empirical testing, rejection or acceptance of hypotheses,
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